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EIN 42-0381704

Linn County Rural Electric Cooperative Association (REC)

IRS 501(c) type
501(c)(12)
Num. employees
75
City
Marion
State
Iowa
Year formed
1938
Most recent tax filings
2022-12-01
NTEE code, primary
W80: Public Utilities
Description
Linn County Rural Electric Cooperative (REC) is a not-for-profit, member owned electric distribution cooperative serving more than 28,000 members in portions of six counties in eastern Iowa. Our membership includes residential and commercial accounts in rural and suburban areas of Linn and Johnson counties with line extensions into Jones, Cedar, Iowa and Benton counties. Linn County REC is a member owned, not for profit cooperative under Iowa law. When there are profits that exceed the amount needed to operate the cooperative, they go back to our members, in the form of capital credits.
Total revenues
$63,258,366
2022
Total expenses
$59,830,655
2022
Total assets
$192,250,615
2022
Num. employees
75
2022

Program areas at REC

Cooperative purchased power from central Iowa power Cooperative in 2022 for $35,227,860 for distribution to Cooperative members.
The Cooperative billed 32,591 services on a monthly basis.
Cooperative distributed purchased power to members over 2,443 miles of distribution line.

Personnel at REC

NameTitleCompensation
Terry SullivanGeneral Manager and Chief Executive Officer$243,447
Dan AppelhansLine Superintendent / Line Superintendent / Line Superintendent / Line Superintendent / Line Superintendent / Sub Foreman$128,424
Nicholas HolubLineman$124,287
Jeanna SagerAssistant Secretary / Director$10,200
Gary SchroppVice President$19,200
...and 6 more key personnel

Financials for REC

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$60,846,384
Investment income and dividends$226,907
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$553,308
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$78,936
Miscellaneous revenues$1,552,831
Total revenues$63,258,366

Form 990s for REC

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-08990View PDF
2021-122022-10-11990View PDF
2020-122021-09-29990View PDF
2019-122021-06-07990View PDF
2018-122019-10-31990View PDF
...and 8 more Form 990s

Organizations like REC

OrganizationLocationRevenue
Tex-La Electric Cooperative of TexasNacogdoches, TX$121,752,749
Great Lakes Energy CooperativeBoyne City, MI$262,446,486
Northeast Texas Electric Cooperative (NTEC)Longview, TX$309,803,168
Lynches River Electric CooperativePageland, SC$59,003,883
Habersham Electric Membership CorporationClarkesville, GA$76,985,449
Attn Phyllis ReddJackson, GA$159,172,579
Three Rivers Electric CooperativeLinn, MO$47,009,896
Attn Andy Hardy CFODunn, NC$110,165,030
Nodak Electric CooperativeGrand Forks, ND$144,951,964
Natchez Trace Electric Power AssociationHouston, MS$39,898,645
Data update history
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 20, 2024
Updated personnel
Identified 1 new personnel
June 29, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 28, 2023
Updated personnel
Identified 3 new personnel
June 12, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
State / local level
General information
Address
5695 Rec Dr PO Box 69
Marion, IA 52302
Metro area
Cedar Rapids, IA
County
Linn County, IA
Website URL
linncountyrec.com/ 
Phone
(319) 377-1587
IRS details
EIN
42-0381704
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1938
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W80: Public Utilities
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Independent
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